If you want to buy or rent a house or apartment in Ottawa you have to pay attention to the price! The rental can be quite expensive, depending on where you want to live.
Ottawa, as Canada’s capital city, offers a lot of living options and different price ranges. Needless to say that if you want to live downtown, the cost of living is far more expensive than in the suburbs. But the size and type of housing will also impact the price substantially.
Buying a house:
Loans are common in Ottawa in order to help people to buy their residence. In addition to the mortgage, you have to pay a real estate tax and the cost of service, which can add up significantly. Home insurance is also essential to be allowed to purchase property.
You have to be aware of the market fluctuation. There are a lot of new buildings being built in Ottawa, so you can get good deals. You can also hire a real estate agent to help you in your research.
Here is a website to help you in your research: http://www.ottawaliving.ca
Rent an apartment:
The cost of a rented house is based on the location of the flat and its dimensions, although some listings also include services and utilities, which will push the price up (but may be cheaper in the long run).
Some landlords prefer tenants to sign longer term leases (at least one year), and security deposits can be up to the equivalent of two months’ rent. Increasingly, landlords are asking for a co-signer or guarantor before accepting rental contracts, particularly for those with a poor or non-existent Canadian credit history. A cosigner will testify your financial solvency and confirm that you and your family are good tenants.
Most rental apartments in Ottawa come unfurnished.
Here a website where you may find your rental flat: http://www.rentseeker.ca
Credit photo: Flickr.com